Real Madrid has just announced that they are the first football team in the world to exceed 1 billion euros in revenue in the 2023/24 season.
The La Liga giants published their financial statements for the 2023/24 season on Wednesday, which revealed they pocketed a whopping €1.073 billion in revenue. That figure does not include player transfers, but is a staggering increase in their revenue for the 2022/23 season, when the club earned 843 million euros.
The 2023/24 Champions League champions ended the year with a profit after tax of 15.6 million euros, up 32%, and are expected to grow even more next year.
The recruitment of top football stars such as Jude Bellingham and the club’s success on the field, including winning La Liga and the Spanish Super Cup, have contributed to the growth of the team’s business activities. ball.
“During this period, even though the stadium was not operating at full capacity, the Club succeeded in surpassing the 1 billion euro mark in operating income before liquidating fixed assets. This is an unprecedented figure. available to any football club,” Real Madrid said in a statement on the club’s website.
“Every line of business grew, except for broadcasting rights, where the revenue received from La Liga in the 2023/24 season was lower than in the 2022/23 season. Increases in marketing and stadium specials particularly noteworthy,” the announcement continued.
At this time, the Bernabeu stadium is still in the final stages of completing the works as it did not operate at full capacity for part of last season: “For the stadium, although the business factors related to the renovations are not yet complete, but there has been a gradual increase in capacity and commercial activity throughout the year. This sees the start of new business sectors in the later stages of the cycle finance, especially organizing large events and new high-end services with new VIP experiences”.
Besides this huge revenue, Real Madrid is also the richest football team in the world when valued at 4.6 billion pounds. However, compared to sports teams around the world, Los Blancos only rank 11th, while American football team the Dallas Cowboys lead with £6.87 billion.
Also according to this report, Real Madrid is expected to grow even more next year, having recently recruited French World Cup champion Kylian Mbappe on a free transfer from PSG.
“In terms of commercial activity, the Club has significantly increased both sales and sponsorship activities in the 2023/24 financial year. The Club expects this commercial boost to continue and grow even stronger during the year financial year 2024/25, thanks to the image benefits derived from both the playing squad and sporting success, as well as the renovated stadium.
On the field, the Club intends to continue to strengthen and develop its sporting model, aiming for continued success in both football and basketball. This has made a difference to the Club throughout its history and especially in recent years. The most notable aspect in this matter is the signing of Kylian Mbappe by the first team, starting from the 2024/25 season,” Real Madrid’s homepage continued.
